Skip to main content

About your Search

20121121
20121129
SHOW
( more )
STATION
CNNW 47
MSNBCW 45
CSPAN 34
FBC 32
CNBC 22
KPIX (CBS) 19
KTVU (FOX) 17
KGO (ABC) 16
CSPAN2 15
KQED (PBS) 14
KNTV (NBC) 12
KRCB (PBS) 8
KRON (MyNetworkTV) 7
KQEH (PBS) 6
( more )
LANGUAGE
English 352
Search Results 59 to 158 of about 352 (some duplicates have been removed)
this morning. congress is back in session, and just in time, we are now 35 days away from the fiscal cliff. >> a big day in the middle east. today both israel and gaza meet to further the cease-fire between the two embattled nations. we're going to have a live report coming up for you. >> gray thursday, black friday, and now cyber monday. but just how good are the deals today, compared to what was put out this past holiday weekend? we're going to break it all down for you. >> did you do any shopping? >> absolutely not. there's too much football. >> don't you love it? >> good morning. welcome to "early start," i'm john berman. >> and i'm zoraida sambolin. 5:00 a.m. in the east. so let's get started. they are back. our lame duck congress returning to capitol hill today. the senate in session this afternoon. the house back tomorrow. and with 35 days left, as john just reminded us, before we plunge down the fiscal cliff, two prominent republican senators, lindsey graham and saxby chambliss are signaling they are willing to give a break the no tax pledge. that is a hopeful sign, folks, because
bernanke who coined the term fiscal cliff warned of dire consequences if congress doesn't get their act together. >> spending cuts that make up the fiscal cliff absent offsetting changes would pose a substantial threat recovery. by the reckoning of the congressional budget office, the cbo, and that of many outside observers a fiscal shock of that size would send the economy toppling back into recession. >> let's translate that. according to the congressional budget office, falling off the cliff would cut the deficit but stop economic recovery in its tracks. now presidents in both parties usually try to put money in people's pocketses to stimulate the economy. president bush sent taxpayers a refund check while obama has cut payroll taxes. p falling off the cliff is a reversal of that approach. that's why the cbo estimates economic growth would drop under 1% to just .5%. and unemployment could jump over a point to 9.1%. heather, we know the costs, we understand this game because the republicans have been playing it for a while. do you think anything has shifted post-election in way that w
. bernanke says without a deal, the fiscal cliff could trigger a recession next year. congress must act by january 1st in order to avoid the automatic tax increases and spending cuts. >>> happening right now, a court hear something underway. a bankruptcy judge is expected to decide on a motion to allow hostess to liquidate. the hearing comes after hostess failed to reach a deal with its striking bakers union. more than 18,000 people are expected to lose their jobs if hostess goes out of business. >>> well, the labor department released the weekly job report a dayer -- a day early. first-time claims for unemployment bennetts fell. the number is still higher -- benefits fell. the number is still higher than expected because of hurricane sandy. 410,000 filed -- filed for benefits. >>> and when the giants will' tickets will be -- and when the giants' tickets will be going on sale. >>> and sal is coming back one more wednesday morning commute check for the before the thanksgiving holiday. -what's up? i'm chris. -and i'm erik. both: we're the fruit guys! back in 1998, we had this idea to deli
-term. >> there are some analysts that are saying, you know, just let us fall off that fiscal cliff. that the congress is actually overhyping that threat. that the cuts are going to take quite a bit of time to actually settle in. how do you feel about that? >> right. i think the best way to think of the fiscal cliff is not as a cliff or a slope or anything top graph cal. i would think of it like a flash diet. if you've been bingeing on deficits, the same way we have been, i think for good reason for some time because the economy has been weak, if you've been bingeing at some point you need to get on a diet. what the fiscal cliff is essentially is it's a flash diet. all of a sudden taxes go way up and spending goes way down. what happens when you enter a serious diet you don't announce that you're going to stop eating lunch and fall on your face immediately. rather the nourishment you're depriving yourself of slowly weakens you to a point where you grind to a halt. that, i think, is what will likely happen and that's what the cbo has said will happen in the first half of next year, we slowly enter resc
: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional re
coming up next. ♪ gerri: tonight, no clarity from congress from the fiscal cliff. will the american people end up being the big loser? and with the lame-duck congress ba in session, new warning about rules and regulations that it your way. welcome to "the willis report." hello, everybody. the white house trying to save face by saying it is wrong to think about talks to avrt the thistle class have broken down, but the evidence is mounting. the president pushing tax checks on those making over 50,000. all that promise, the second meeting between president and congressional leaders is an even scheduled yet. senate majority leader harry reid refusing to put cuts on the table and saying it is republicans who are holding up negotiations should we expect to go right over the ciff? let's start by taling about whether it is impoible to get some kind of thoroughgoing resolution of this issue. >> at think it is, but we have to be working on a full-time. the president needs to be here talking to members of congress and working out a big deal, meaning tax reform, and panama reform, and other spe
and counting until that fiscal cliff. white house and congress will appear no closer to reaching a deal or even talking about one for that matter. how long will it take to get some action? tracy: if only. a dire warning on housing. despite new signs of recovery, fiscal risk expert chris whalen will tell us why he says housing is going to drag the economy back into recession next year. ashley: talk about bah humbug? would you like to win half a billion dollars? that is a stupid question. of course you would. just before the holidays as well. the record powerball jock pot is getting bigger. we'll take you, we'll tell you actually your chances of winning the prize and it is not very good but you can't win if you don't play as the lottery says. i know you hate it. tracy: i do. i absolutely clearly opposed to it. ashley: i went hate it when i win but i will remember you. tracy: thank you. ashley: first time for look at stocks at this hour as we do every 15 minutes. down to nicole petallides on the floor of nyse. nicole, stocks at least coming off early losses. >> right. we've improved some. i don't
up. ♪ the president and congress remain far apart on how to resolve the fiscal cliff. we are looking at what may be a federal government disaster. guess what, the governments are in no better shape. that's tonight's "chalk talk." triple digit gains on wall street today. the dow jones industrial rally after the speaker of the house speaks. will a drawn-out fiscal clip negotiation change in the streets direction? wall street veteran and bedford of adviser ceo joins us next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes report these signs and sptoms to youdoctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or bast cancer.
to avoid the so-called "fiscal cliff" looming at the end of the year. this week, a group of christian leaders urged congress and the president not to cut anti-poverty programs as they struggle to reach a deal. in an open letter, the leaders said "we pray during this season, in which we give thanks and offer gifts, that you will advance policies that protect the poor, not ones that make them poorer." >>> meanwhile, a prominent christian advocacy group said while some progress has been made in fighting hunger and poverty worldwide, much more needs to be done. in its annual report, bread for the world called for a renewed push in meeting a series of international goals, including a pledge to cut poverty and hunger in half by the year 2015. the group said in order for those goals to be met, there will need to be continued strong support from the u.s. >>> when the newly-elected congress is sworn in in january, it will be more religiously diverse than ever. the 113th congress will still have a protestant majority, but for the first time, it will include a hindu representative, a buddhist se
," as if congress neededre raises new alarms about the fiscal cliff. >>> when we come back, we'll huddle around the water cooler. >> oh, my lord. >> what is going on with the lab coat? >> let me read this. a helpful crash course on preparing your turkey. >> all that when "way too early" returns. my insurance rates are probably gonna double. but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? >>> all right. this is where we say enough with the real news, let's send it ov over. what is lewis wearing? >> will you learn how to cook turkey today. he's a gentle creature with frail hands, frail bone structure. as you talk about slaughtering turkeys this weekend, i think turkeys have much more of a masculine bone structure. >> take it away. >> it's time to gather around the water cooler. president obama pardoned some turkeys. peta has objected to the pardon saying -- >> what are you wearing? >> it's more like a chef's coat. >> really? you look lik
and now we have the fiscal cliff issue that is facing congress and i think it's a real open question about whether we're going to have a politically induced recession. we're 40, 50 days away. you see a lot of turbulence in the markets over the next months but this is a political crisis that is going to be bring about an economic crisis if it doesn't get solved. but for the entire history of the country people do profoundly disagree with each other, have been and sometimes don't like each other very much have been able to sit across from each other and do the business of the american people. and that's what the moment requires now. on the question of screaming at each other we should understand that there are tremendous market incentives for people to go on tv and attack each other and insult each other verbally and you make a lot of money doing that. for the most part, moderate reasonable voices aren't rewarded with media platforms in the country anymore. and you see a tone and i think that this is a larger cultural issue. it manifests itself in politics but i don't think politics drives i
. will the white house and congress finally see eye to eye on the fiscal cliff? we're just over 24 hours from the start of bargaining time. power and protest. furious demonstrators take to tahrir square in cairo, as egypt's new president rewrites the rules. >> the crowds are rowdy, rough, and down right rude, and the holiday shopping season has only just begun. >>> good morning, everyone. i'm radi kaye. it's 8:00. from maine to florida, millions of people are heading home as the thanksgiving holiday is wrapping up. today is usually one of the busiest travel days of the year, but so far it has been surprisingly quiet. cnn national correspondent suzanne candiotti is in new york hanging out with a few travellers this morning. suzanne, good morning to you. so i guess it's still pretty early in the day, but it should probably get pretty busy there later on. >> oh, it probably will pick up, but the best news of the day at this hour, anyway, is that there are virtually no backups to check in and no lines at security. there was a little flurry of activity earlier this morning, but now it's practicall
three weeks left before the fiscal cliff, the clock is ticking for president obama and congress. >> the clerk will read the communication. >> reporter: lawmakers are back at work and under the deadline pressure. >> we can solve the greatest economic emergency facing the nation today. >> reporter: white house economist say without a deal to avoid the fiscal cliff, americans may start closing their wallets during the critical holiday shopping season. and curb their spending well into next year. >> they think that it is important that congress extends the middle class tax cuts without delay, without drama. and it is because it will help to maintain the increase in the consumer confidence that we have seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts, scheduled to kick in on january 1. but the taxes, they remain the sticking point. republicans and congress, they have been long opposed to any tax increases, but the gop lawmakers say that they are open to raising more revenues through the tax ref
a say as congress and the white house talk about the fiscal cliff? caller: the whole thing about the matter is, the states have their own problems. they need to handle their own problems. do you know what i am saying? they need to let the president -- he is the president of the united states of america. he needs to get over saying he is not this and he is not that. host: it is also the congress that has an influence a role in this. should the states trust congress to strike the deal with the president? caller: they need to get their butts out of their tails -- host: let's move onto michael on twitter. rick joins us from pittsburgh, a missouri and the democrats' line. caller: hello. it is vick. good morning. it has been awhile since i talked to c-span. my concern is this. i voted for obama two times. i am a white man, 58 years old. i have been -- this is the bottom line. there is racism still underlying current. they need to get over the problem and accept the fact that the white man has lost and it is now a totally multiracial nation. host: what does that have to do with the fisc
not reform taxes and avoid the "fiscal cliff" that's scheduled at the end of the year, your tax bill could rise by the thousands. in years past, congress exempted most middle class and low-income families from something called the alternative minimum tax. if they don't renew that exemption, a family with two children making $90,000 a year could owe an extra $3,000 in taxes. >> we are going to see a lot of everyday people get caught. >> reporter: also on the chopping block a tuition credit for parents who have kids in college. in certain brackets if you have two students paying tuition you could lose a $5,000 credit. that's five grand out of your spending money. >> plan for difficult times because the taxes will go up and so what do you do? if you are spending every dollar that you're making right now and your taxes go up, do you go in debt or do you adjust what you're spending? >> reporter: grace lee, cbs 5. >> comings has until the end of the year to solve the probable -- congress has until the end of the year to solve the problems but uncertainty is affecting almost everybody. >> wall st
the fiscal cliff. that's because benefits are due to expire december 29th unless congress extends them. >>> well, texas city leaders are asking for advanced warning in the event same-sex becomes formally legalized. this coming friday, the u.s. court will decide whether to review the challenge to prop 8. california's voter apressured ban on gay marriage. now, if the high court refusing to -- refuses to hear the case, the earlier ruling would make same-sex marriage legal in california. if that happens, they would need at least 24 hours to prepare for a flood of marriage license requests. >>> andre ward will defend his titles in two months. the super middleweight champ will fight his opponent in los angeles on january 27th. he defeated dawson in the oracle arena in september. he's undefeated since winning gold at the 2004 summer olympics. >>> oakland as players are donating some of their playoff money to charity. they have decided to give away one share worth more than $34,000. their donation will be split between several charities, including big brothers and big sisters and the united wa
fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk ab
mayer talking about ways to avoid that year end fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north
and the white house have just 37 days left to reach a budget deal or risk falling off the fiscal cliff and triggering massive spending cuts and tax hikes. cnn's athena jones reports on a possible turning point in the negotiations. >> reporter: members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement, otherwise, i think first of all the markets are going to start reacting. >> it's not a done deal and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across the board cuts lawmakers say should concern everyone. >> you should be worried, we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the the regulation of food safety, about
members of congress to avertthe fiscal cliff has caused investors to run for the hills. take a look at the s&p 500 over the past 5 weeks. it probably resembles some of your investments, by the way. we don't know what is included in a deal to raise revenue instead of tax rates. but it's giving investors the heebie-jeebies. what are they worried about? they have a lot to do, the concerns have a lot to do with the expiration of the bush tax cuts, which could be painful for investors. capital gains taxes rise from 15% to 20% for most people who file taxes. taxes on dividends rise from 15% to your top income tax rate, which could be, depending on how much you earn, as much as $39.5%. given a lot of people rely on those for their income, it's no surprise to see some of the highest dividend yielding stocks get slammed in the past few weeks. as i have been saying, today, if we can get past this fiscal cliff standoff, there are going to be a lot of opportunities for b businesses to blossom and investors to make money. even if there are higher taxes on the horizon. mike is the chairman of hol
and consumers. it states if congress fails to avert the fiscal cliff, taxes would rise by $2,200 for 98% of americans. the president wants democrats and republicans to agree on renewing tax cuts to give families and business morse certainty about the economy. but he wants those with incomes over $250,000 a year to pay a little more in taxes as we all know. which has been a sticking point with the gop. but now some republican lawmakers who earlier pledged to not vote for anything with a tax increase now appear ready to relink wish that pledge in order to avoid the looping fiscal crisis. >> i would be very much opposed to raising tax rates, but i do believe we can close a lot of loopholes. >> they have to go up either real tax rates or effective tax rates. there is ways of doing that. secondly, though, we've got to close significant loopholes. >> bottom line, getting back to the report, the president is asking congress it act now specs tend the tax cuts for the middle class. they say the holiday season is not a time to threaten middle class pocketbooks. back to you. >> steve: thanks very
an agreement of tax increases and spending cuts in the so-called fiscal cliff. without a deal the fiscal cliff could trigger a recession next year and congress must act by january 1st in order to avoid that automatic tax increase and spending cuts. >>> time is 6:15. a new stumbling block for hillary clinton's chances to reach a middle east cease fire. a bus explosion in tel aviv. alison burns is live in our washington, d.c. newsroom. alison. >> reporter: dave, we received a statement from the white house within the past hour calling the attack on innocent civilians outrageous. israelis say it was a terrorist attack the bus bombing in tel aviv hurt at least 18 people. three seriously. hamas praised the attack but did not claim responsibility. secretary of state hillary clinton who is in egypt at this hour also issued a statement saying the u.s. strongly condemns the attack and ready to provide any assistance that israel requires. secretary clinton is is calling for a truth and longer term agreement. >> the goal must be a durable outcome that promotes regional -- >> reporter: prior to the bus b
. president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >
and benefits alone in the fiscal cliff costs. they've suffered more than private workers? we do the math, you decide. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >> live from america's news headquarters, i'm heather childers. we're keeping a close eye on the middle east as violent protests erupt in egypt over president mohammed morsi's sweeping powers. marches planned around the capital today. accusing morsi of acting like a dictator and demanding he be thrown out of office. just in week the obama administration praised morsi for his help in b
someone who testified in front of congress to sway congress on the fiscal cliff? stay with us. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. ari melber, karen finney, and professor michael eric dyson, until i had the shingles. i have never encountered such a burning sensation... it was like a red rash. like somebody had set a bag of hot charcoal on my neck. stay with us. it's something you never want to encounter. for more of the inside story, visit shinglesinfo.com i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealth
. >> this congress is already one vote away from avoiding the fiscal cliff. >> one vote could keep players still far from agreement. >> and no word yet on when the next white house meeting may happen between the president and these key leaders on capitol hill. lynn? >> tracie potts in washington. thank you. >>> authorities in cairo are bracing for more protests in tahrir square as outrage grows over egyptian president mohamed morsi's decision to grant himself sweeping new powers. we have a live report from cairo with the latest. iman, good morning. >> reporter: good morning. thousands are pouring into the square angered by the decree. let's talk about the protests taking place. close to tahrir square is the u.s. embassy. today riot police outside the embassy compound fired teargas, pelted protesters with rocks to try to keep them back. the protesters also exchanged throwing stones at the riot police. that incident brings back serious concerns for u.s. officials because several months ago, back on september 11th a similar scene erupted outside the u.s. embassy. there's growing concern about the secur
avoiding the fiscal cliff. >> reporter: and no word yet on when the next white house meeting will happen. tracie potts, nbc news, washington. >>> thank you. the governor of new york says in some ways superstorm sandy is worse than hurricane katrina. governor cuomo says sandy hit a more densely hit area. the governor says his state now needs $42 billion to recover from all that damage. $9 billion of that amount will help prepare for future storms by protecting the power grid and the cell phone network. >>> a spokesperson for the israeli army is under fire after appearing online in black face. scott mcgrew says it is a startling misstep for an organization that has been tech savvy until now. >> we were talking about how the israeli defense force was using twitter and youtube and facebook to generate support in ways that we had never seen before during war time. but this picture is doing just the opposite. this is idf spokesperson on facebook. he smeared his face with mud and he has written the caption "obama style." he has since taken his facebook pictures private. one commenter asked if i
of the year the fiscal cliff what is congress and the president going to do? taxes are going up. you look at the spending problem, you let taxes go back to people making over $250,000 per year. much of its revenue, still leaving it short of closing the deficit by close to a trillion dollars. it is all about tax rates. cheryl: it is about tax rates, but you're telling your clients stay focused, stay balanced in your portfolio, don't make any big changes but you also said in the last four months while a toady is in the market and also the gdp will shrink no matter what happens in washington with the fiscal cliff. >> i don't think we will have gdp, not part of our assessment. we see a very significant drag for all the right reasons. if you're fiscally conservative for example and you look at what has to happen here, we're spending and the deficit has to be reined in. you might look at stocks and say after 10 years or 12 years, a very inexpensive stock market compared too many other asset prices, you have to have a bullish longer-term point of view. this is a significant change in terms of th
but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out. >> if you appropriate some of the money you achieved by eliminating deductions and loopholes to the national debt, even though that may technically violate the pledge, sign me up. that's a reasonable accommodation for a republican to make. >> jennifer: for the record, that was senators john mccain and lindsey graham so the question is this grover norquist's last stand? here with an answer is donnie fowler. donnie of course, democratic strategist and great political operative. welcome back into "the war room." is it grover norquist's last stand? >> we can only hope. look, i think republicans should just say sign the pledge for the last election. not for this congress. it expired. there's only 39 of the 40 top senators and republicans -- six are freed. let his people go, grover. let your people go. >> jennifer: he ain't going to let them go. all of this is occurring in the contex
. melissa: all right, forget congress. fixing the fiscal cliff fiasco. here we have it under control. if no one else is going to step up with a solution, we will get it started with our own answers about where to start with spending cuts. joining me to go through the ideas is our chief economist. brian, thank you for coming back on the show. >> thank you for having made. melissa: i am so sick of people coming on and saying what the other guy is going to give and not have a solution and i said, you know what, let's roll up our sleeves and get to work and come up with some solutions. we are talking about raising taxes and we haven't really drill down on the possible spending cuts out there. for example, senator coburn showing $67.9 million. it can be saved over the next 10 years by cutting nondefense spending. among those things. it was a huge report, more than 400 pages filled with all kinds of stuff. some examples were a smart phone half that alerts users when to take their coffee break. i feel like we are things we could be cutting. what do you think? >> the federal government is sp
. should entitlement reform be part of the fiscal talks, and my two crepts more on what members of congress focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated suppor teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information y want when you need it. it's anothereason more invtors are saying... [ all ] i'm with scottrade. well, having a ton of locations don't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announr ] break from the holiday stress. fedex office. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached by christmas. both sides seem so far off. even among senate democrats, there are deep divisions over whether to include cuts to medicare or medicaid. intel not reform, should it be par
with the fiscal cliff. as he proposed, no dealing with the fiscal cliff. next year, but dealing with it in the future, the far future. this is bizarre. lou: by the way, does the president have a role in all this? >> well, the president -- lou: in bernanke's mind. >> the president has been -- well, he certainly had something to do with obama's reelection. no question. quantitative easing, qe3, the aggressiveness of the federal reserve to pump up the money supply and attempt to keep the economy on an even keel helped obama and the election. lou: your outlook? fiscal cliff, yes or no? do we go over it? if so, the consequences. >> we do not come by but not for the good reasons which i have heard you analyze. very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggest
months. but many expressed concerns about the looming fiscal cliff that includes tax heights and spending cuts that are set to hit january 1 if congress fails to act. >>> and the dow is up 48 points. the s&p rose 3. >>> a cease fire agreement has for now quieted the violence in the israel-palestinian conflict. rita is live in our newsroom now where heartbreaking stories just continue to pour in. >> reporter: that's right, gasia. there was a cease fire and a feeling of relief today on both sides of the gaza-israel border. with strong backing from the united states, the deal was brokered by egypt's new muslim brotherhood president and he'll oversee its compliance. >> this is a critical moment for the region. egypt's new government is assuming the responsibility and leadership that has long made this country a cornerstone of regional stability and peace. >> reporter: the united states promised additional military aid to pressure israel to accept the cease fire now. the israel prime minister who supported mitt romney over president obama made it clear that the ground invasion remains ready.
the fiscal cliff and very interesting last week as congress was on recess on vacation, the markets were you up. you now that congress is back in seg, there's a lot of jitteriness and i think you'll continue to see this until there is a resolution at least until we see that the fiscal cliff is being averted, either with a bridge or something more comprehensive and permanent, which is highly doubtful in a lame duck congress. >> for example the durable goods orders, we've seen a fall off in investment. is that owed to this uncertainty over the fiscal cliff? >> absolutely. capital spending is on strike here in the united states and has been for a while. but the good news is 2013 should be the year that certainty replaces uncertainty. unleashing a lot of pept up demand. so we can make the case that we'll see an acceleration of gdp growth with this unleashing of pent up demand in 2013. >> you have a price target yet for the end of next year? >> well, no. we think that we'll probably come in in year somewhere with the s&p up 10%, 12%. and i think we could very well do that next year. particularly
the fiscal cliff. lawmakers return to work monday. they will be trying cut a deal. if congress and president obama fail to reach a deal an avalanche of tack hikes and spending cuts automatically kick in january 1. president obama and the democrats are pushing for tax cuts for wealthy americans as part of the deal. house speaker john boehner and republicans want bigger cuts in government spending. thanksgiving gave lawmakers a quick break from the fiscal cliff conundrum. now it's time to hunker down and get back to business. >> reporter: after meeting with president obama before the thanksgiving holiday -- >> i want to welcome the congressional leadership here. >> reporter: -- congressional leaders expressed optimism to reaching a deal. >> we had a very constructive meeting with the president. to talk about america's fiscal problem. >> we have a corner stones of being able to work something out. >> reporter: staffers have been working behind the scenes to fine common ground. among the big sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it's
. >>> if congress fails to come to an agreement on the fiscal cliff, the head start grant program will see its funding cut by over $620 million affecting almost 100,000 low-income children and over 20,000 jobs. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] break from the holiday stress. thrget 3 yearsgiving weekend, interest-free financing and save up to $600 on beautyrest and posturepedic. even get 3 years interest-free financing on serta icomfort and tempur-pedic. mattress price wars ends sunday at sleep train. >>> my colleague sue herera recently spoke to some icons of the fashion and retail world while
on their plate. we're not talking about turkey. we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments a
and congress and not the president if these fiscal cliff talks fail. are we seeing a white house not willing to lose this pr war no matter the outcome of the talks? >> i think you're seeing a gop that has yet to accept the election results, sort of negotiating with themselves about what they will and won't accept without acknowledging the polls you just cited and the other thing is a strong majority actually also wants a deal. they want a compromise, a balanced compromise. as the republicans are negotiating with themselves over here, the administration and the rest of america is kind of in another place and i think the administration rightly so and remember this was an issue when the president was first elected, there were questions about whether or not he would use the power of that database of people. i think it is a great thing and i hope he does it because i think it is important people you said outside of washington know the kinds of gains going on on capitol hill and the things this people voted for not being acted upon by republicans. >> as i was talking with congressman van holen, ag
their input how to grow the economy and how to deal with that looming fiscal cliff. they are saying taxes will go up if congress does not act. >>> still on the scene of a fire that may have been intentionally started inside a classroom at alameda high school. brian flores joins us with more on why the fire was considered suspicious. >> reporter: it looks like police investigators are here now continuing to gather any evidence they can from this suspicious early morning fires. now let's go to video we shot earlier this morning. according to investigators, the fire started roughly around 3:00 a.m. this morning and one of the classrooms had flames coming out of it from a nearby window and they quickly put it out but what they found was one of the windows was opened and it leads officials to believe it is suspicious in nature. >> we had a fire alarm at the alameda high school and we came here and found a fire and put the fire out and the fire is suspicious in nature. >> reporter: now in terms of damage several books were burned and a window was damaged. police believe there may have been smal
about the dreaded fiscal cliff. leaders from the white house and congress are calling for a prelimary meeting and call constructsive so they can find an answer before everyone's taxes go up. we are joined by ben ferguson and mark lavine. thank you for joining us here on the holiday weekend. >> thank you, uma. nconservatives are blastinglet gop law makers who may be caving in on the issue of tax hikings. how do you see this shaping up? >> it is going to be a big fight. we have a lot of people saying we will nomit raise taxes on the conservative side and they are realizing there is it bipartisan support to get something done. and if you come in the negotiating room with extremes of we are not going to move. it hurts americans so what you are seeing now. you see them saying, hey, we'll look at possibly raising taxs and got to figure out how to do it many of them ran and said i will not raise taxes if you vote for me. and the fiscal cliff is going to have to take people getting in a room and saying together. we are going to work on a solution. we are both going to do things we don't want
have five weeks to keep us from going over the fiscal cliff at the end of the year. that would mean automatic tax hikes and spending cuts at the same time and an economists say it could cause another resomething. the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here.
it comes to the fiscal cliff, the president and congress will either fail together or we will succeed together. there's nothing in between. i am confident, i am confident that we can pass the test and do what is good and right for the american people. >> the president's been talking a lot about taxes lately and as a c.p.a. who practiced tax for years and a member of the ways and means committee, there's no one who likes to talk about tax more than i do. but let's be honest, talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, again, the wrong direction. i think house republicans have set a fine precedent four months ago, we passed a framework to address the issue of taxes. fundamental, comprehensive tax reform. pro-growth policies that kick start the economy, rather than hurting the economy. likewise, we have laid out a bipartisan plan to address the real drivers of our debt. in the auto pilot spending programs. and so i th
to submit. what's everybody talking about? >> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a pi
. >>> this week congress returns to take on the pending fiscal cliff. year-end deadline where higher taxes and deep cuts kick in if a compromise haven't been reached. the stock markets have been betting early among congress will reach an early compromise, showing gains in this week's session. but republicans and democrats sound as far apart as ever on reaching a solution. >> the house of representatives has a bipartisan bill passed by the senate that will spare 898% of taxpayers across america from any income tax bases and 98% of businesses. it's a bipartisan bill the house should pass. >> it's fair to ask my party to put revenue on the table below historic packages. i will cap deductions. if you cap deductions around the 30, $40,000 range you can raise $1 trillion in revenue and the people who lose deductions are the upper income americans. to do this i just don't want to promise spending cuts, i want entitlement reforms. >> senator graham said the senate version will cutback the military to dangerously low levels. >>> new this morning the u.s. supreme court justices will go behind closed
. as you know, all eyes on congress and the looming fiscal cliff. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 ...until i choose to focus on
continuing to take down for congress and president obama to make a deal to avoid going over the fiscal cliff. 40 days. our next guest says everyone should be preparing. no matter what changes are coming in 2013, well manager and president and founder joins me now. let's talk about this. i am sure many of your clients are coming in to you right now and saying we have got to do something, what we going to do? what do you tell them? >> absolutely. everybody wants to know what do we do and what is going to happen? if they don't come to an agreement we will all feel this. right there. [talking over each other] >> it is just a kleenex. the reality is when my clients come and i want to share with them a couple things we can control in our lives the coming weekend. taxes and that we are not going to control so let's look at the positives and control what we can control. if we have positives in the portfolio and gains i tell my clients to harvest those gains. if you doing many rebalance, some of my clients want to go on trips to italy, i am going to harvest that $10,000 and put it aside and a 15% on
if congress does nothing which they're pretty good about these days. we will go over the fiscal cliff. >> staffers have a working behind the scenes to find common ground to avoid cuts that should be concerning for everyone. >> they should be worried if we have a defense job or if we are dependent on others of the federal budget. the regulation of our food safety, and our borders being secure. or fbi. >> the sticking point is what to do about taxes. the democrats want to raise taxes for the wealthy and republicans to not. the anti-tax crusader had gotten a majority of the " law makers to pledge not to support any effort to raise taxes. >> i'm willing to recorgenerate revenue. where is below but i will not raise tax rates to do it i will cap deductions, and violates the pledge, long story short. for this country of democrats will do entitlement changes. >> is not we clear when it will meet next a deal could be well off. >> we rarely see the will and the white house make decisions, early. i would be pleasantly surprised to see a deal emerge earlier than at the end of the year but we will
, to look over the so-called fiscal cliff. some existing tax cuts will expire. that could slow the economy or even move it back into recession. up until now, republicans have been unwilling to consider raising taxes, something that democrats say has to change. >> as president eisenhower says, there will have to be compromises and seeking the middle of this rote isn't just acceptable, it's the only way forward. >> most republicans signed a pledge to never raise taxes, but gop law makers say that now they'll have to put that pledge aside for the good of the nation. >>> on wall street, the markets.finished mixed, nasdaq gained nine, apple leading the way up 8%. >>> shareholders. some analysts had suggested that investigators are underestimate's facebook's growth potential from ad revenue. the stock gained 8% today but is still well below its public offering price. six months ago, the company went public with an ipo price of $38 a share. >>> securities and exchange commission. walters who's a democrat serves as a democrat, she takes over for mary shapiro, shapiro leaves next month in the wake
-qaeda affiliates. >>> lawmakers trying to avoid the fiscal cliff, automatic tax hike for all americans, unless congress and the president can compromise. biggest obstacle is a pledge of no tax increases of any kind signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be part of the discussion. >>> do you think you are paying -- >>> good morning. home prices continue to climb nationwide up 3% in september compared to a year ago. in the san francisco area it was 7 1/2% compared to a year ago. meantime, watch for your landlord to jack up rent. recents are up 4.1% this year, watch for rents to go up 4.6% next year and 4.7 the year after. zillow buying hot pads for 16 million dollars, has 19 employees will stay in san francisco, zillow says the move will help it increase the number of leads it sends to landlords. watching ebay today, shares slightly lower stock hit a
middle income families. >> you said today that congress should deal with the fiscal cliff crisis now, but tackle entitlements, the entitlement questions, later. yesterday, senator lamar alexander said the only thing the president has to do to get an agreement from republicans now is in his words, propose a reasonable way, a reasonable way to control entitlement spending. so is this a catch 22? who bends here? >> i don't expect us to have entitlement reform before december 31st. this is too technical, too important. let's do it right. but i do believe and i said it, any long term deficit reduction will require entitlement reform for one simple reason. medicare untouched, unchanged, runs out of money in 12 years. we need to take a hard look at it to find ways to preserve this important program, have savings that don't hurt the beneficiaries, and actually do reduce the deficit in the process. >> what about those republican critics, senator, who say it's not possible to make any real progress without -- on spending, shall we say, without seriously addressing the medicare, the medicaid, m
it wouldn't be so bad if we went over the fiscal cliff and kicked the can down the road to the next congress which will be more favorable from the liberal perspective to negotiating on these big picture issues. frankly, i think it would be harder to have a compromise on son-in-law of the entitlement reform that republicans want to see, at least some movement before they will agree before this talk of raising taxes will be anything more than the lip service that you mentioned. >> okay. so ken is suggesting there it's in republicans' interests to do a deal now. jared, the white house is warning today, and you mentioned it earlier, of dire consequences if the bush tax cuts for the middle class expire. a hit to consumer spending something like four times the revenue of black friday. jared, do you think that republicans would risk that kind of disaster to protect the top 2% who frankly can afford to pay a little bit more. >> i fear there is a significant bloc of republicans in the house who, frankly, might make that kind of a terrible deal for america, and you teed it up exactly right. you're tal
falling off the fiscal cliff, how to prevent it from happening, and the impact not as on the fence of the discretionary budget as well, and for our purposes, hopefully they will also take the time to pass a defense authorization in order to be able to set some important policy guidance we need as we go into this next year. the hope is these issues can be resolved before congress adjourns, and we are all hopeful the leadership will be able to come together to find a way to resolve these issues. these are tough decisions. i know how tough they are, but they can do it. it will take some risks, but that is part of the game. you have to take risks to do the right thing, and i hope they do that. the worst thing that can happen from my perspective is they just kick the can down their road. all that would wind up doing is continuing to present a shadow as to what ultimately will happen, and that is the last thing i need. the fact is when it comes to national security, which challenges and opportunities we face in the future go beyond the political gridlock of the moment. they are significa
need a framework for a solution, we need a down payment on it to avoid the fiscal cliff, and then after the new congress comes in, we address a compromise of long-term solutions. >> everyone seems to want to focus on the tax hikes first and talk about spending cuts later. will that work? >> no. you really have to -- we can't keep kicking the can down the road. we have to have more certainty for business. we want to get the economy going. we want to create jobs in the country. we want to preserve a prosperous united states for the next generation. i'm here speaking as an american, not simply as a ceo. if you care about your country, we have to stop kicking the can down the road and have more certainty and a framework that embraces both expense because you're going to reduce expenses by $3 for every dollar of revenue you raise if you embrace a bowles/simpson type solution. >> but that's optimistic. they're now talking one to one. it seems like people have even given up on that number. >> i don't believe they've given up on that number. our president during the election, he himself embrace
bernanke is pushing for a compromise on the fiscal cliff. in a speech tuesday he said if president obama and congress can resolve the crisis unemployment would go down and the economy would grow. falling oil prices and an announcement that hewlett packard is taking a $9 billion write down. the dow lost just over seven points while the nasdaq was mostly unchanged. shares of home builders rallied on news that home construction jumped in october to a four year high. construction of apartment buildings was especially strong up 10%. and it looks like hostess's twinkie is cooked. the snack maker failed to reach mediation session. on monday a bankruptcy judge asked the two sides to meet. no agreement in place the judge will decide today if the maker of ho-ho, ding dongs and wonder bread can shut down their operations. hopefully other companies will swoop in and make those treats. >> it ain't over. you can't hold the twinkie down. >> i'm not sharing. >> ashley morrison here in new york. in sports this morning the lakers get a new coach and get a win. mike d'antoni made his debut as the lakers ne
returned from the holidays still facing the fiscal cliff. if a deal can't be reached by january 1st americans will face half a trillion more in taxes next year coupled with a hundred billion dollars in cuts to domestic and defense spending. since the reagan era most republicans have day caretaken promising they won't raise taxes. mike viqueira says there may be flexibility on both sides of the aisles. >> reporter: it's a pledge almost all republicans have signed to oppose tax increases of any kind. today shit was showing cracks. >> the world has changed and the economic situation is different. >> reporter: republicans insist in return for defying part doctrine they must have changes in social security and medicare. >> i will sign only if they undo entitlement reform. >> reporter: be president has put them on the table before. during last year's failed talks on a grand bargain and more recently in his first post election press conference. >> we have to continue to take a serious look at how we reform our entitlements because health care costs continue to be the biggest driver of our
those fiscal cliff worries were largely put on hold. that's probably why we're seeing those strong gains here. let's take a look at the leaders and laggards. you're seeing dell, advanced micro, hewlett-packard is up 4% on what's been a dismal week for that stock. baxter international is up on reports that it will be buying a swedish medical equipment maker for $4 billion. those are the winners. but look at the losers for today. you're seeing a grab bag of companies, some defensive names like exelon, wisconsin energy and southern company in the energy sector. as well as cablevision and genworth which is an insurance name. so roughly pretty big grab bag for laggards today. research in motion getting a big pop today on heavy volume for that stock, up 14% in a sustained rally. that's a big move for r.i.m. we're finally getting a date for the blackberry rollout, january 30th. analysts like that move as well as investors. >> we'll see if that works out. >> blackberry 10 is make or break for this stock. >> our internal market guru here at cnbc tells me that with today's rally, the markets are n
's how congress rolls. and now with just 36 days remaining to avoid the so-called fiscal cliff, senators are coming back to work. the house returns tomorrow. the white house is working both sides of the beltway to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone. that would be a huge, huge hit on retailers. now, tax hikes are the biggest part, but not the only part of the fiscal cliff. seeing it as a fiscal cliff, the new year will also bring more than $100 billion in spending cuts, if -- if congress and the president can't agree on some other course. all of this brings me to my friend, cnn's christine romans with details on the toll on consumer spending. we threw out the number, $200 billion. what does that mean? >> it comes straight from the white house, trying to ride the coat tails of black friday weekend when throwing around how m
and they are ready to tackle the fiscal cliff crisis. lawmakers are ready tro compromise. >> lawmakers are ready to give in on tax changes in order to get some sort of a deal done. kelly wright joins us with more on what it means for the negotiation. we could be looking at possible tax hikes, isn't that right? >>> oo the government is on automatic pilot. that is five weeks away. for congress there is much work to be done and more compromise to be made in order to avoid the fiscal cliff. it will require give and take negotiations particularly on raising taxes but republican law americas who pledged to not vote for anything with a tax increase now appear ready to relinquish that pledge in order to avoid the looming fiscal crisis. >> when you are $16 trillion in debt the only pledge we should be making to each other is to avoid the grief and republicans should put revenue on the table. >> so everything is on the table and campaign raising taxes on the wealthy is relying on treasury secretary tim geithner. his team will works on issues like medicare even social security. they hoping to avoid a repea
's looming. the so called fiscal cliff is getting closer and apparently no movement in congress to avoid it so far. the impasse is over raising tax rates on upper bracket income earners. republicans say they're willing to consider a tax hike but they want larger cuts made to benefit programs. the small business leaders came to avoid the cliff and tax hike on the middle class. on friday he's off to philadelphia where he will make a public case for his strategy and two gop leaders. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail. >> the election was conclusive in terms of which path the majority of the american people want to take. >> house republicans are also planning to hold events in the coming weeks with small business owners to highlight the effects the tax increase could have on them and their likelihood. how does the fiscal cliff impact california? larry, a lot of talk on how it will impact high earners. a lot of middle income class folks could feel it as well. >> if we go over the fiscal cliff, we're going to
of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >> shepard: well, republicans are saying they need some spending cuts. that they will also have to be part of the deal. and they are accusing the president of campaigning instead of negotiating. >> i mean, every week he spends campaigning for his ideas is a week that we are not solving the problem. it's completely counter productive. the election is over. he won. congratulations. and we have got a hard deadline here, however, and it's still he he is still out on the campaign trail, kind of celebrating. >> shepard: if the president and congress cannot cu
to skyrocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: one vote with key players still far from agreement. no word yet on when the next white house meeting might take place. lynn? >> tracie potts for us in washington, thanks. >>> last night on "hardball," republican senator tom coburn told chris matthews about his vision for averting the fiscal cliff. take a listen. >> there's no question we can have the rich pay more, but that won't solve our problem. >> i agree. >> and with that comes negatives. the real problem is is you've got an entitlement system that's out of whack, and the demographics are exaggerating that. and you've had discretionary spending increases, you know, the budget of this country this year is twice what it was 11 years ago. and a good portion of that is discretionary. some of it, $100 billion a year is the war, but the rest of the government has grown. so we have to do both. and we have to make sure that whatever we do does not hurt us but gets us on the way to recovery. >> be sure to watch "hardball" with chris matthews weekd
congress to spare them on any deal of the fiscal cliff. this on top of unions everywhere flexing their muscles. airports, retail stores, hospitals. it's time to say this gravy train is over. dave, when you have? reporter: all the excesses of government and the phony rules and regulations and useless rules, these unions thrive on that. the postal employees union is extraordinary. federal and postal employees are struggling during these hard times. no other group has been asked to financially contribute in the way that they have. we know that they are making twice as much of a comparable job and the private workforce. >> there is no gravy train left. america it is not in the 50s anymore. companies along the lines of this, they can't handle the higher pay rate. there is no future for private and public jobs growing in the sector. charles: in the private sector it is all about this. if they had a really from the white house and national labor relations board. it seems like a favorable media right now. they are on the attack. i don't know if this will backfire or not. holding up traff
30 we have to worry about. if congress doesn't reform taxes and avoid the "fiscal cliff" at the end of the year your tax bill could rise by the thousands. in years past, congress exempted most middle class and low-income families from something called the alternative minimum tax. if they don't renew that exemption, a family with two children making $90,000 a year could owe an extra $3,000 in taxes. >> we are going to see lots and lots of everyday people get caught. >> reporter: also on the chopping block a tuition credit for parents who have kids in college. in certain brackets if you have two students paying tuition, you could lose a $5,000 credit. that's $5,000 out of your spending money. >> plan for difficult times. taxes are going up. so what do you do? if you're spending every dollar you're making now and your taxes go up, do you go in debt? or do you adjust your spending? >> reporter: those are just a few examples of what is at stake here. while congress has until the end of the year to solve some of these problems, the uncertainty is really affecting almost everyone. not know
days to go before automatic increases and spending cuts known as the fiscal cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand california's online voter registration program into an online voting program. >>> that fog is hanging tough today itch >> worst spot is sfo, just a quarter mile visibility there, sunny and -- sunny and 60 in san jose now. fog in the north bay improving, we are looking at oakland, with foggy conditions, and vollmer peak. a big change all straight ahead. >>> plus, the hidden dangers of those bouncey houses. new report on how many kids they send to the hospital. >>> some bay area school kids get a surprise visit from one of the star
increases and spending cuts known as the fiscal cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand california's online voter registration program into an online voting program. >>> that fog is hanging tough today itch >> worst spot is sfo, just a quarter mile visibility there, sunny and -- sunny and 60 in san jose now. fog in the north bay improving, we are looking at oakland, with foggy conditions, and vollmer peak. a big change all straight ahead. >>> plus, the hidden dangers of those bouncey houses. new report on how many kids they send to the hospital. >>> some bay area school kids get a surprise visit from one of the stars ron: years ago i made a promise to pro
is ticking. it's been three weeks since the election and congress really no closer to a deal on the fiscal cliff, unless they're not telling us something. that's a possibility. now both sides appear to be focusing on what they want to rule out rather than what they're willing to compromise on. we're live on capitol hill with the very latest. david: also, we held a small business summit right here on "after the bell," and it looks like the president was watching. he has invited small business owners to discuss what they want to see from congress. we'll be talking behind the closed doors with one of those who was behind the closed doors, the ceo of bottom line growth strategy, she was at the meeting. liz: david, are you feeling lucky? david: yes. liz: the powerball jackpot at a massive $500 million, but before you run out to buy your ticket, we're going to tell you what the real payouts are. i know that won't stop you, nonetheless, you'll still get a bunch of coin. is and where the money actually goes -- and where the money actually goes. ♪ [ male announcer ] this is steve. he loves risk.
trying to prepare for enough ability that we could go over the fiscal cliff. rhode island may be the small state in the union that could potentially be facing the worst pain if congress cannot make a deal because it is a massive one third of the budget funding. day three of the governors series. welcome, thank you for being here. >> thank you for having me on. liz: we want to hear from you guys because you are in a unique yet on every level position because of the federal funding. first off what are you doing to prepare? we are asking about if they are preparing one or two but is depending on what happened. >> we hope common sense prevails and we are working to push the commonsense forward and get an agreement certainly having optimism coming out of washington today is good news. that is our first preference, to do the right thing down in washington inside the beltway and avoid the fiscal cliff. liz: he said we almost have to prepare to separate budgets. wanted to go over the cliff and one if we don't. do you guys have prepared $8.1 billion estate budget. what if we go over th
's looming fiscal cliff take precedence over norquist's anti-tax pledge that many members of congress signed years ago. georgia senator saxby chambliss telling a local tv station, quote: gregg: here now to talk about it, juan williams, a fox news political analyst, brad blakeman, former deputy assistant to president george w. bush. brad, 258 republicans signed the pledge never to, a, vote for a drop in tax rates or, b, limit deductions. but you know what the speaker of the house said the other day, john boehner, he said he's willing to do the latter. now you just saw what chambliss said. so is the era of grover and his you ubiquitous pledge over? >> no. i think grover deserves a great deal of credit for keeping that pledge to the american people and holding republicans' feet to the fire. gregg: is it over now? >> no. we have a different set of circumstances. perhaps what the democrats should have had is their own grover norquist on spending, and we wouldn't be in the mess we find ourselves in. but here's the reality, gregg.me for the status quo. nothing's changed since two months ago. we hav
are not really a fiscal cliff at all. but actually more of a fiscal slope. that is because if congress cannot reach a compromise, the president still has the authority to push back some of those big changes. and lawmakers say the markets should easily recover even if no deal is reached until early next year. more bill next. stay with us. going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ piano plays ] troy polamalu's going deeper. ♪ ♪ and so is head & shoulders deep clean. [ male announcer ] with 7 benefits it goes deep to remove grease, gunk and flakes. deep. like me. [ male announcer ] head & shoulders deep clean for men. ♪ ♪ [ mal
and spending cuts known as the fiscal cliff will take effect in january unless congress can do something to balance the budget. >>> happening right now workers at walmart stores starting to walk off the job during the big holiday shopping rush. i want to take you to texas just got this in. workers walked off the job right as shoppers were getting ready to go into the store. other protests are planned in walmarts throughout the bay area. employees say they want walmart to pay better wages. while some say they will still shop at al port others say -- walmart others say they will support those workers. >> if they walk out, i'm not going to shop until they settle with them. you can bet that. >> the picketers were planning to protest outside of sam club stores. >>> in sacramento there were very tense moments for shoppers. you can see there the cameras are rolling when one k-mart shopper threatened to stab others were people started shoving to get inside that store. many people said there should have been more security because they did not feel safe. >>> millions of people are out shopping for
ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's party. doo extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris good win joins us. >>> let me finish with how lincoln outlawed slavery for good and how de it using politics. this is "hardball," the place for politics. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? he loves risk. but whether he's climbing everest, scuba diving the great barrier reef wi
? >> one thing i'm worried about is the fiscal cliff issue, the tax increases and spending cuts that take place january 1 unless congress and the president reach a deal. businesses have been worried about that for months. maybe consumers are start-- maybe it's starting to creep into their thinking as well. we saw a weaker consumer sentiment number last week. that's thing to watch to worry about as we wonder what the holiday season will be like. >> brown: nariman behravesh, is it strange or do things really change? on the one hand, we want people to get out and spend, but on the other hand, we still talk about over-spending and spending money people didn't really have was part of the problem that got us into this state in the first place. so what's-- that sounds like a little bit of a disconnect. where are we on that? >> well, i think neil is right in saying consumer finances are in much better shape right now. so in that sense, the kind of spending we're seeing now is more sustainable. it's healthier in a sense. debt levels are down. people are not taking, say, home equity out to spend on
-name retailers speaking out about the fiscal clef. will our doothing congress listen up? gerri: you heard us talk about this lot, weighing in on the fiscal cliff. until now we hadn't heard much from one large group, in a rare move walmart and walgreen's letting loose on what they think of washington and the fiscal cliff. liz macdonald, what are they saying? liz: walmart is saying their customers don't want to see tax increases. and now cbs, it is unusual for walgreen to wade into this public fight over the fiscal cliff, they have not spoken out before and they are saying essentially our customers are hardworking american families and they do their own budgets. where were you, washington d.c. doing your own budgeting, their confidence has been tested time and again, persistent high unemployment and fragile economic growth and customers want to know d.c. is working on their behalf and walgreen stepping out saying customers need clarity. gerri: every company out there, if there saying anything at all they are saying do something. it breaks down after that. some say i want to make more taxes and do n
, in the politics section of the washington times, it says the farm bill may help congress avert the fiscal cliff. this is written by debbie stabenow -- and the washington post has a piece about public opinion -- frank in fort lauderdale, florida. what are your thoughts on this? caller: the solution is quite simple. if the aisle is the problem, do away with it. do it according to state and broke the wishes of the states. there is one party rule, but that party is the american people as a whole. that's all i have to say. , independent, or norfolk, virginia. caller: a brief statement. if you stand up from behind your desk and if you lean too far to your right, you fall over. if you lean too far to the left, you fall over. the american people are dealing with corporate fascism, the merging of the state and corporations. all the money that is pouring in on every level. it is radical -- whether it is left or right. we need to get to the people's business. and it is the center. that is what i have to say. host: can i get your thoughts on what the washington times writes this morning? caller: in my opin
, the irs issuing a warning that if congress does to address theg that if fiscal cliff and the alternative minimum tax passed tens of millions of us could be hit wit a vecry large tax bill. also might not want to be able to file much later, so expect major delays for that refund. a you with more, a co-founder. er i cannot get over this wholev story. st we have the fiscal cliff. part of that, but the irs is saying we're not going to changi our computer program because we really don't know what willor ce .really d't it could be chaos out there. ou >> they are expecting that theyh will sign a patch like they have fin every year, but -- a gerri: and that means the law goes back to what it has been of the past 12 months, and you don't have to pay that. t w many people would be on thes hook? ha will what it means?eople would b >> right now theree are about 4 million infected people, butfr that would go up to 30 some odd million people.on so 28 million people would now be thrust in. if you remember, this was going t be t back to 1969, 1970. to 155 people is what they wanted to get that were not p
, we have a thanksgiving special edition. on the fiscal cliff, those big spending cuts and tax hikes set to hit the u.s. economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
ahead on "starting point," congress, will congress come to a compromise, and avoid the fiscal cliff? or will we just go right over? we're going to talk to congressman bill pascrell who sits on the house budget committee. and emergency contraception for teenagers. the controversial new recommendation from doctors this morning. pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. [ gordon ] for some this line is a convenience. how you doing toda
over the fiscal cliff at the end of the year. it's pretty new and that's when pretty much everybody's taxes will go up if congress and the president can't cut a deal. g.o.p. leaders insist they still do not want to raise tax rates. instead, they say they would rather close loopholes and limit deductions. the white house says frankly that's not good enough. aides say president obama spoke with the house speaker john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on
' fight to avoid a fiscal cliff as house speaker john boehner says there may be no way to avoid the oncoming tax increases and spending cuts if the president isn't willing to put his signature program, the healthcare law, on the chopping block. what does that really mean? byron york is chief political correspondent at the washington examiner and a fox news contributor. byron i want you to explain this. i mean, look, obamacare passed the u.s. supreme court and obviously it's not going to be overturned by executive fiat by a president mitt romney. so that leaves a third approach and here what john boehner rights, congress has a constitutional responsibility to conduct thorough oversight of the executive branch and congressional oversight will play a critical role in appealing obama care going forward. how in the world does that happen? >> well, it's not going to play a role in p repealing obamacare. this is a little bit of a surprise from bean bone, he said right after the election i guess that settles it, that makes it the law of the land. what the white house will say, obamacare
it with me, 35 days to avoid the dreaded fiscal cliff, the huge package of tax hikes and spending cuts set to take effect january 1 if congress and the president do not cut a deal. we're told they have been talking behind the scenes and president obama has already hosted congressional leaders for a post election sit-down. but the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of small business owners. then tomorrow, the president hosts more business owners and a group of middle class americans who would be hurt if the tax hikes take effect the first of the year. then friday, a campaign style stop in pennsylvania, a toy factory of all places, highlighting the importance of middle class consumers in this holiday season. but back in washington, senate leaders, they are speaking out. you have democrat harry reid saying the president won the election. and it is time for republicans to fall in line. meantime, republican mitch mcconnell not impressed with the president's plans to go back on the road. take a listen. >
: the senate's back in session, and the countdown to the fiscal cliff now stands at five weeks. if congress doesn't act, $650 billion in spending cuts and tax increases automatically go into effect on january 1. there are now increasing signs that republicans may be willing to deal on the most controversial issue -- taxes. but for many republicans, doing just that would mean breaking a pledge to not raise taxes. and taking the political risks that come with it. the "no new taxes" pledge is the brainchild of grover norquist, president of americans for tax reform. >> what the pledge does, of course, allows elected officials to make it clear openly to the american voters where they stand. >> reporter: norquist may not be a household name outside the belt kwai, but here in washington he carries significant weight as evidenced by the hundreds of republican lawmakers who have signed his pledge over the years. even as top republicans signal they are willing to compromise there is still a catch. the white house indicated everything is part of the discussion. >> all three legs of this will have to b
to the other battle brewing tonight, the clock is still ticking on the fiscal cliff. 35 days, taxes including on the middle class, will rise in america unless congress reaches a deal. abc senior white house correspondent jake tapper tells us the latest on this duel that would affect every single american family. >> reporter: the manufacturers of these angry birds building sets in pennsylvania will later this week be visited by president obama as he makes his case for raising tax rates on wealthier americans as part of a larger deal with congress. and while the president is not trying to provoke anger necessarily, he is trying to drum up passions for his proposal. meeting with small business owners today such as texas crop duster manufacturer, david ikert. >> there was a lot of talk in the room about certainty. small business wants certainty so they can plan, strategically look at how we move forward. >> reporter: and releasing these showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from my paycheck, it would severely impact my family. >> reporter: while t
director for the national congress of american indians explains with the fiscal cliff and native americans and the alaskan native communities. plus, e-mails, phone calls, and tweets. >> there are many people who might even take issue with great saving the union during the civil war. did it lincoln did that? he did. i will not a grant is the only person to save the union, but he was the commanding general of the army that would think the policy to affect, and he was the general who accepted the surrender of the army of northern virginia under robert e. lee that ended the war. if anybody won the war on the battlefield, if you could say that any one person did, and of course you cannot, but one of the things we do when history is we generalize, simplify, because history reality is simply too complicated to get our heads are around if we deal with it in the full complexity. granted save the union during the civil war, and i do contend he same award during reconstruction as well. -- he saved the union during reconstruction as well. jh.w.w brands of the light of ant.ses s. korgr >> the offense o
to say, okay, i want to talk about the choices in front of us in the fiscal cliff. we did over 350,000 events on dashboard. it would be easy for supporters to start asking people to call members of congress. >> the biggest assets is republican stubbornness. here's tea party senator rand paul addressing incoming republicans about the fiscal cliff. >> but the bottom line is it's a mistake to raise taxes on anybody we shouldn't in on it it. those who are new here, please hold the line. there's one compromise i would be in favor of and that's that all spending should be cut. we compromise enough to say let's look for waste in the military budget. the liberals have to compromise. >> despite losing the election, republicans still have a very much my way or the highway attitude about all of this. they have less leverage now than they ever had on this issue. "the new york times" reported on more defections from the anti-tax pledge. peter king of new york is the latest who marginalized the number one conservative lobbyist in washington. king said "a pledge is good at the time you sign it. i
to avoid the fiscal cliff. automatic tax hike and spending cuts for all americans unless congress and the president can reach compromise. biggest obstacle of no tax increases of any kind signed by most republicans. grover norquist is behind that pledge and has convinced thousands of republicans to sign in exchange for helping them get reelected. with fiscal calamity on the horizon some gop lawmakers are changing their tune. >> i will violate the pledge, long story short, for the good of the country. >> president has made clear he will not sign a bill that extends the bush era tax cuts for those making more than $250,000. >> some republicans open to breaking the say they will did it by closing tax loopholes they say entitlement reform has to be part of the discussion. >>> general motors has its eye on california to lunch a new electric car model. -- to launch a new electric car model. >>> an all-electric version of the chevy spark next summer starting in california and oregon nor less than $25 thaw -- $25,000, after a tax credit. if you are looking for the new wii-u. nintendo scram
business of the current congress, including how to avoid falling off the fiscal cliff, how to prevent it from happening, and the impact not as on the fence of the discretionary budget as well, and for our purposes, hopefully they will also take the time to pass a defense authorization in order to be able to set some important policy guidance we year. the hope is these issues can be resolved before congress adjourns, and we are all hopeful the leadership will be able to come together to find a way to resolve these issues. these are tough decisions. i know how tough they are, but they can do it. it will take some risks, but that is part of the game. right thing, and i hope they do that. the worst thing that can happen from my perspective is they just kick the can down their road. all that would wind up doing is continuing to present a shadow as to what ultimately will happen, and that is the last thing i need. the fact is when it comes to national security, which challenges and opportunities we face in the future go beyond the political gridlock of the moment. they are significant as we
, as well. those worries about the fiscal cliff, you know, the tax hikes, the spending cuts happening all at once. congress gets back to work this week, so, you know, investors are closely watching to see if they're going to be able to hammer out a deal. there are also worries about whether or not greece can can get another loan payment. so there are some questions there. that's weighing on the market, not giving much reason for investors to buy in, at least not yet, carol. >> alison kosik from the new york stock exchange. we'll be right back. >>> market update is sponsored by charles schwab. start trading with street smart edge today. 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really im
Search Results 59 to 158 of about 352 (some duplicates have been removed)